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The Biolubricants Market in the United States 2018-2022: BP, Chevron, Exxon Mobil, FUCHS, Shell International, and Total are Dominating - ResearchAndMarkets.com

October 2, 2018

DUBLIN--(BUSINESS WIRE)--Oct 2, 2018--The “Biolubricants Market in the US 2018-2022” report has been added to ResearchAndMarkets.com’s offering.

The biolubricants market in the US to grow at a CAGR of 6.51% during the period 2018-2022. One trend in the market is increase in R&D activities and production capacities. Innovations and product development in the field of biolubricants are projected to drive the growth of the market during the forecast period. Many vendors, including BP, Exxon Mobil, RSC Bio Solutions, Total, and Chevron, have increased R&D activities for the producing biolubricants. According to the report, one driver in the market is reduction in crude oil dependence. Biolubricants are replacing synthetic lubricants in various applications. Plant-based products such as soybean, rapeseed, and canola are used for producing biolubricants. Petroleum-based lubricants are mainly produced from crude oil. Further, the report states that one challenge in the market is threat of substitutes. Lubricants are in high demand for automotive and industrial applications. Synthetic lubricants are commercialized on a large scale, and consumers prefer the use of synthetic lubricants. Market TrendsIncrease in R&D Activities and Production CapacitiesIncrease in Demand from the Defense Industry

Key Vendors

BPChevronExxon MobilFUCHSShell InternationalTotalKey Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Product

8. Customer Landscape

9. Market Segmentation by End-User

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/b4qfqm/the_biolubricants?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181002005523/en/

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Related Topics:Biotechnology,Lubricants and Greases

KEYWORD:

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY MANUFACTURING OTHER MANUFACTURING NATURAL RESOURCES AGRICULTURE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/02/2018 07:33 AM/DISC: 10/02/2018 07:33 AM

http://www.businesswire.com/news/home/20181002005523/en

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